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Unit 1 1.1. Introduction to Management

Management-Definition • According to Harold Koontz“ Management is the art of getting things done through and with people in formally organized groups • Management guru, Peter Drucker, says the basic task of management includes both marketing and innovation. According to him, “Management is a multipurpose organ that manages a business and manages managers, and manages workers and work.” • According to James L Lundy "Management is principally the task of planning, coordinating, motivating and controlling the efforts of others towards a specific objective".

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